Fairfax County General :
Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Area real estate median price up 5.3% from a year ago
Posted by:
KMxMN
()
Date: November 10, 2014 02:34PM
Washington's housing market is still trailing year-ago performance, but sales picked up in October from the previous month, and the median selling price in the Washington metro was the highest October-level in nine years.
Listing service MRIS' monthly RealEstate Business Intelligence Report says the median price of a closed sale in October was $400,000, up 2.6 percent from September, and the highest October price since 2005. It was also the highest year-over-year percent increase in eight months, up 5.3% from a year ago.
Pending sales metro-wide were up 4.6 percent from September. The number of new listings was down 12.7 percent.
Compared to a year ago, the number of closed sales in the Washington region was down 2.8 percent. MRIS says that was driven entirely by a decrease in distressed property sales, including foreclosures and short sales. The number of distressed sales in October was down 21.5 percent from a year ago.
While there are pricier neighborhoods in Washington, Falls Church City continues to lead median prices by jurisdiction, at $615,000 last month, up 4.2 percent from a year earlier.
Listing service MRIS' monthly RealEstate Business Intelligence Report says the median price of a closed sale in October was $400,000, up 2.6 percent from September, and the highest October price since 2005. It was also the highest year-over-year percent increase in eight months, up 5.3% from a year ago.
Pending sales metro-wide were up 4.6 percent from September. The number of new listings was down 12.7 percent.
Compared to a year ago, the number of closed sales in the Washington region was down 2.8 percent. MRIS says that was driven entirely by a decrease in distressed property sales, including foreclosures and short sales. The number of distressed sales in October was down 21.5 percent from a year ago.
While there are pricier neighborhoods in Washington, Falls Church City continues to lead median prices by jurisdiction, at $615,000 last month, up 4.2 percent from a year earlier.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
KMxMN
()
Date: November 10, 2014 02:36PM
The Vienna market has been hurting this past year, sales are down, and the average sale price also fell 3.8%.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Febs
()
Date: November 10, 2014 02:40PM
Once republican get done gutting the FED gov there will be PLENTY of homes for sale VERY CHEAP. w
Wait until about February.
Wait until about February.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Reduy
()
Date: November 10, 2014 02:41PM
.
Attachments:
Attachments:
Re: Area real estate median price up 5.3% from a year ago
Posted by:
"number of closed sales down"
()
Date: November 10, 2014 02:43PM
Reality. It's a stone cold bitch.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
RE Magnate
()
Date: November 10, 2014 06:31PM
KMxMN Wrote:
-------------------------------------------------------
> The Vienna market has been hurting this past year,
> sales are down, and the average sale price also
> fell 3.8%.
Actually, contracts in Vienna in Oct 2014 were up by one over Oct 2013 -- 57 to 56. Median sales price was meanwhile up by 6.3% year-over-year to $660,500, while average sales price rose 11.3% to $768,200.
-------------------------------------------------------
> The Vienna market has been hurting this past year,
> sales are down, and the average sale price also
> fell 3.8%.
Actually, contracts in Vienna in Oct 2014 were up by one over Oct 2013 -- 57 to 56. Median sales price was meanwhile up by 6.3% year-over-year to $660,500, while average sales price rose 11.3% to $768,200.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
More great RE news...
()
Date: November 11, 2014 10:03AM
"NEW CONTRACTS 11th month in a row of year-over-year declines with Condos and Townhouses seeing the largest percentages"
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Fairfax =/= "area"
()
Date: November 11, 2014 10:16AM
But hey, it's all bullshit, right?
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Glen Beck.
()
Date: November 11, 2014 10:23AM
I hope you guys are prepared, home prices in Fairfax will fall back to 90s pricing.
I told you guys to buy gold and canned food, you didn't listen.
I told you guys to buy gold and canned food, you didn't listen.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Jeff Beck
()
Date: November 11, 2014 10:54AM
Lot of sale signs out. Seasonality of real estate is out of whack.
Re: Area real estate median price up 5.3% from a year ago
Posted by:
Real deal
()
Date: November 11, 2014 02:56PM
A broken clock is right twice a day. That is S-O-O-O-O-O-O-O much better than any of these babbling assfuck dumbshit gloom-and-doomers. It would be hard to find any more ignorant and useless people than these fools.